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Morning Briefing: Various Things to Know on Thursday

JAKARTA (TheInsiderStories) - Good Morning! This week the world reached 100 million recorded positive cases of COVID-19. Based on the current trends, the cases will double...

Saudi Cuts Production, Oil Prices Hit the Highest Level Since February

JAKARTA (TheInsiderStories) - One of the largest oil producers, Saudi Arabia give a surprised on the production cut by 1 million barrels a day (bpd) starting...

Morning Briefing: Various Things to Know on Wednesday

JAKARTA (TheInsiderStories) - Good Morning! Indonesian government poised to begin its mass COVID-19 inoculation drive starting with Coronavac vaccines on Jan. 13. But the drug needs to be...

Morning Briefing: Various Things to Know on Tuesday

JAKARTA (TheInsiderStories) - Good Morning! The Food and Drug Supervisory Agency has issued a Lot Release certificate for 1.2 million vaccines from the first arrival on...

OPEC Cuts the Oil Demand to 5.9 Million Barrels in 2021

JAKARTA (TheInsiderStories) - The Organization of the Petroleum Exporting Countries (OPEC) cut its oil demand to 5.9 million barrels per day (bpd) in 2021 or dropped...

OPEC+ Agrees to Raises Oil Supply Starting January 2021

JAKARTA (TheInsiderStories) - The 13 members Organization of Petroleum Exporting Countries (OPEC) and 10 allies agreed to adjust production by 500,000 barrels per day (bpd)...

Indonesia Considers to Raises CPO Export Levy in This Month

JAKARTA (TheInsiderStories) - The Indonesian government plans to implement the progressive export levy on crude palm oil (CPO) from earlier maximum US$55 a metric ton (MT)...

Hartarto: Indonesian CPO Prices to Reach US$668/MT in 2021

JAKARTA (TheInsiderStories) - Senior minister for economic affairs, Airlangga Hartarto, predicted Indonesia' crude palm oil (CPO) will touches US$668 a metric ton (MT) of CPO in...

Morning Briefing: Various Things to Know on Thursday

JAKARTA (TheInsiderStories) - Good Morning! This morning, Bank Indonesia will hold an annual meeting to give a direction to the financial industry players. One of key...

Morning Briefing: Various Things to Know On Wednesday

JAKARTA (TheInsiderStories) - Good Morning! Starting today, board governors of Bank Indonesia (BI) start the two-days meeting before make it decision on Thursday. Last month,...

Morning Briefing: Various Things to Know on Tuesday

JAKARTA (TheInsiderStories) - Good Morning! The news from Moderna Inc., (NASDAQ: MRNA) that said the COVID-19 vaccine candidate was 94.5 percent effective, sending a positive impact...

Morning Briefing: Various Things to Know on Thursday

JAKARTA (TheInsiderStories) - Good Morning! Leaders of Association of Southeast Asian Nation (ASEAN) have a high level meeting today through a video-conference to discuss various issues around...

Morning Briefing: Various Things to Know on Thursday

JAKARTA (TheInsiderStories) - Good Morning! Former vice president Joe Bidden bid to take to White House after picking up a wins in Wisconsin and Michigan....

Indonesia Set CPO Prices for Export US$782.03 a MT in November

JAKARTA (TheInsiderStories) - Indonesian government set the reference prices for crude palm oil (CPO) dan derivative products for export of US$782.03 per metric ton (MT) of CPO. The...

OPEC Scaling Back Production Cut to 5.7M Barrels in January

JAKARTA (TheInsiderStories) - The Organization of the Petroleum Exporting Countries and its allies (OPEC+), plans to scaling back their production cuts in January 2021, from...

Morning Briefing: Various Things To Know on Tuesday

JAKARTA (TheInsiderStories) - Good Morning! President Joko Widodo and Prime Minister of Japan Yoshihide Suga meet today at the Bogor Palace to discuss various issues,...

Indonesian CPO Exports Fell 14.3% Amid the Lower Demands

JAKARTA (TheInsiderStories) - The Indonesian Palm Oil Association (GAPKI), reported Indonesian palm oil products and derivatives in August fell by 14.3 percent to 2.68 million tons...

Morning Briefing: Various Things to Know on Tuesday

JAKARTA (TheInsiderStories) - Good Morning! Governors of Bank Indonesia will make a decision on the seven days repo rate today. Most economists rated the central bank...

Indonesian Crude Price Drops to US$37.43 a Barrel in September

JAKARTA (TheInsiderStories) - The increase in the COVID-19 case globally had an impact on the Indonesian Crude Price (ICP) in September, said the energy and mineral...

Morning Briefing: Indonesia Doesn’t Want to be Trapped in the US-China...

JAKARTA (TheInsiderStories) - Good Morning! Foreign minister, Retno Marsudi, warned the United States (US) and China not to involve Indonesia in their battle in South China...

Laura, Marco Storms Affects Indonesian Crude Price in August

JAKARTA (TheInsiderStories) - Concerns on the Marco and Laura' tropical storms passing through the heart of the oil industry in the United States (US) also affected...

Indonesia’s CPO, Mining Prices Mounts in August

JAKARTA (TheInsiderStories) - Indonesia set the reference prices for crude palm oil (CPO) products for the period September 2020 at US$738.07 a metric ton (MT) of...

OPEC Sees World Oil Demand Will Fall Even More in 2020

JAKARTA (TheInsiderStories) - Organization Petroleum Exporter Countries (OPEC) trimmed oil-demand growth by 100,000 barrels per day in monthly report released on August 13. It said,...

Morning Briefing: Awaiting BI Monetary Decision

JAKARTA (TheInsiderStories) - Good Morning! After two-days meeting, today Bank Indonesia will announces the latest monetary policy. Last month, the central bank decided cut...

Indonesia’s CPO and Mining Benchmark Prices Rises in July

JAKARTA (TheInsiderStories) - Indonesian government elevated benchmark price for several types of crude palm oil and mining products, said the government official today. The trade ministry...

OPEC: Market Rebalancing, Full Commitment to Conformity Remains the Focus

JAKARTA (TheInsiderStories) - Joint Ministerial Monitoring Committee (JMMC) of oil producers and its allies (OPEC+) reported 87 percent of their productions have been cut during May....

Morning Briefing: Waiting for World Bank’s Global Economy Update

JAKARTA (TheInsiderStories) - Good Morning! World Bank' chief economist Gita Gopinath will hold a presser on the latest world economic outlook for this year. Earlier,...

OPEC+ Agrees to Extend the Production Cut Until July

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to extend the cut in crude oil output until the end...

Thohir’s Energy Firm to Releases Global Bond US$350M

JAKARTA (TheInsiderStories) - Unit of Indonesian energy producer, PT Surya Esa Perkasa Tbk (IDX: ESSA) considered to releases global bonds up to US$350 million,...

Indonesia Set Zero Export Duty for CPO During June 2020

JAKARTA (TheInsiderStories) - Indonesia set the reference price of crude palm oil (CPO) for export duty at US$568.94 per metric ton (MT) of CPO...